Novatek: Changes Board Composition

OAO NOVATEK  announced that its Board of Directors (the “Board”) yesterday decided to increase the number of members of the Management Board from eight  to nine, terminate the membership of Mikhail Popov and appoint Sergey Protosenya and Lev Feodosyev as new members of the Management Board.

The new composition of the Management Board is:

1.          Leonid Mikhelson – Chairman;

2.          Alexander Fridman – First Deputy Chairman;

3.          Vladimir Baskov – Deputy Chairman;

4.          Mark Gyetvay – Deputy Chairman;

5.          Tatyana Kuznetsova – Deputy Chairman – Director of Legal Department;

6.          Iosif Levinzon – Deputy Chairman – Director of Geology;

7.          Sergey Protosenya  – Deputy Chairman;

8.          Lev Feodosyev  – Deputy Chairman – Commercial Director;

9.          Kirill Yanovskiy – Director of Finance.